Regions
Economy Watch: Personal Income Edges Up
U.S. personal income increased $22.7 billion, or 0.2 percent in September, according to the Bureau of Economic Analysis on Friday. During the same period, personal consumption expenditures (PCE)—people out-spending their personal income—decreased $19 billion, or also 0.2 percent.
Bell Partners Buys Suburban Atlanta Apartments
Bell Partners Inc., an apartment investment and management specialist, has acquired Alta Woods on behalf of its investors. The 498-unit property is in the Atlanta suburb of Woodstock, a town of about 24,000 in Cherokee County.
TODAY’S DEALS: PCCP Provides Ritchie Group with $56.5M for Stalled Utah Condo
The Ritchie Group lands $56.5 million to build out a stalled condo; Colliers completes a $6.3 million sale in Arizona; and Greystone provides a $11.7 million bridge loan for an affordable community in California.
Carter Announces Multi-family Development Near Boise State Named Vista
Carter announced its multifamily development near Boise State University will be named Vista.
Four Seasons Hotel Moscow Brings Contemporary Flair to the Iconic Hotel Moskva
One of the most iconic hospitality spots in the entire Russian Federation is set for a rebirth as the historic Hotel Moskva has been reopened as the Four Seasons Hotel Moscow.
Downtown LA Pricing Record Shattered by Kor Group on Barker Block
Warehouse No. 1 at Barker Block has sold out, making it the fastest-selling residential project in Downtown Los Angeles.
Economy Watch: Q3 GDP Growth Surprises on the Upside at 3.5 Percent
The Bureau of Economic Analysis reported its first estimate for Q3 real U.S. gross domestic product on Thursday, finding that it increased at an annualized rate of 3.5 percent for the quarter, which was above expectation.
Goldman Sachs & NY-based Developer Triangle Equities Receive Top NMTC Award
Triangle Equities announced that it has received the Novogradac Journal of Tax Credits Community Development Award for Qualified Low Income Community Investment (QLICI) of the Year in the Real Estate category for Triangle Plaza Hub–its $35 million, 88,000-square-foot, mixed-use development in the Bronx, N.Y.
Alliance Apartment Property in Arizona Wins LEED Platinum
Broadstone Lincoln, a 264-unit multifamily development in Scottsdale, Ariz., has won LEED-H Platinum certification.
Construction Commences on Albertson Village in Camden County
Full-service residential and commercial real estate company, Walters Group, has announced that it has kicked-off construction on a new 82-unit luxury rental project, Albertson Village, in the Westmont section of Haddon Township in Camden County, N.J.—about 20 minutes from Philadelphia.